JIN 1.46% $13.24 jumbo interactive limited

Ann: FY21 Financial Results - Media Release, page-5

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  1. 317 Posts.
    lightbulb Created with Sketch. 51
    The cash flow statement is pretty simple
    There are only a few items.
    The business after tax generated cash of $35 Million .
    Of that inflow $15 Million went to tabcorp . $6 Million went to website development ( inhouse)and Dividend of $22 Million.
    KMPs plus Directors were paid about $4.7 Million or about 10% of all payments to suppliers and staff.
    Shareholders get mentioned on a few lines about dividends whereas Executives' pay etc get 16 pages.
    Lets cut the crap and simply show the following:
    Directors ( number ) Total paid $
    CEO Total Paid $
    Senior Executives ( number ) Total Paid $
    Other Employees ( number ) Total Paid $
    Consultants ( number) Total Paid.$
    According to the accounts employee expense went from $23 Million to $30.3 Million. That is a 30% increase in one year.

    Finally, personal observation- it is hard to find Australian based companies that are able to successfully manage overseas subsidiaries over time. No Australian Bank has been successful. BHP has made a mess of it ,even forgetting mine disasters like Chile, OK Tedi and Vale; Even JIN took a hit in Germany.
    JIN depends like Tabcorp on large jackpots. With very large numbers of players , the chance of real big jackpots seem to be
    on the wane. Powerball needs to be recalibrated so that mega payouts are offered.



 
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